Just like the breadwinner in a family is considered to be the key towards its survival, certain people in an organisation contribute significantly towards its growth and sustainability. These people are so important for the employer that losing them could leave the company unstable and in long-term debts for a considerable period. There is always […]
Term Life & Keyman
A life annuity plan may be issued without any medical underwriting
Published in Mint on Dec 15 2016, Written by Abhishek Bondia I will retire in 5 years. I am single with no dependents. I have diabetes but have not gone through any other major treatment. How can I plan for my retirement? Would you recommend an insurance plan? —Oscar D’silva The key risk for you […]
Individual life insurance is relatively more economical than joint life plans
Published in Mint on Nov 25 2016, Written by Abhishek Bondia I want to extend my life insurance cover to include my wife. Should I go for it or would it just be better to get another plan instead? —Atul Shandilya Yes, you should get a separate plan for your wife. There are limited […]
Know All About the Keyman Insurance
Have you ever considered insuring the most important asset of your business—your employees? If not, then it is the time to think about it. The sudden demise, illness or accident of any key person in your company can largely impact your profits. Most of us know that a term insurance policy helps in financially securing […]
Term Life Insurance Rates
Footnotes: 1. Date of birth has been assumed to be April 1st in the respective year for each. age group 2. Rates are for a male, non-smoker, delhi-based. 3. DHFL Pramerica, Star Union Dai-chi Insurance Co Ltd. are offline plans. 4. Claim settlement = Claims settled/(claims settled + claims rejected+ claims repudiated). 5. Exide Life […]
Go for insurers with claim settlement ratio of 85% or more
Published in Mint on Aug 16 2016, Written by Abhishek Bondia I am 50 years old and want to buy a term plan. Kindly suggest a suitable one. —Surendra Khemka You need to consider a few variables before finalising a plan. These include: sum assured, policy term and optional riders. Typically, a minimum sum assured […]